Fiat Money or Resumption for Workingmen

Fiat Money or Resumption for Workingmen

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Excerpt from Fiat Money or Resumption for Workingmen: Considered From the Standpoint of Their Own Self-Interest, an Address to Workingmen Delivered at Faneuil Hall, Boston, Oct; 5th, 1878

Mr. Chairman and Fellow-Citizens: -

I have been invited by workingmen to talk as a workingman to workingmen; and if I am conscious of anything in connection with the responsibility imposed upon myself by accepting this invitation, it is of a desire to speak to you only "words of truth and soberness." I ask you to listen in a spirit of candor and courtesy, so long as I speak in a spirit of candor and courtesy. My subject is "Fiat Money or Resumption for Workingmen, considered from the standpoint of their own self-interest."

Gold and Silver.

Under our present financial system, when a laboring man has done a day, a week, or a mouth's work, he is entitled to his pay in either gold, silver, or greenbacks. He can demand these, unless he has himself made a special bargain agreeing to take something else: if they are refused, he can sue, and the whole power of the Government is at hand to enforce payment to him in one or the other of these three kinds of money. He can't be compelled to take national bank notes even. Now certainly every workingman knows that if he gets his pay in gold and silver, he has something he can rely on.

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